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Stitch Fix Sloan Ratio %

: -8.01% (As of Jan. 2021)
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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Stitch Fix's Sloan Ratio for the quarter that ended in Jan. 2021 was -8.01%.

As of Jan. 2021, Stitch Fix has a Sloan Ratio of -8.01%, indicating the company is in the safe zone and there is no funny business with accruals.


Stitch Fix Sloan Ratio % Historical Data

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Stitch Fix Annual Data
Jul16 Jul17 Jul18 Jul19 Jul20
Sloan Ratio % 1.72 -8.59 -2.22 29.78 -5.14

Stitch Fix Quarterly Data
Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.23 5.79 -5.14 -12.25 -8.01

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Stitch Fix Sloan Ratio % Distribution

* The bar in red indicates where Stitch Fix's Sloan Ratio % falls into.



Stitch Fix Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Stitch Fix's Sloan Ratio for the fiscal year that ended in Jul. 2020 is calculated as

Sloan Ratio=(Net Income (A: Jul. 2020 )-Cash Flow from Operations (A: Jul. 2020 )
-Cash Flow from Investing (A: Jul. 2020 ))/Total Assets (A: Jul. 2020 )
=(-67.117-42.877
--70.461)/769.429
=-5.14%

Stitch Fix's Sloan Ratio for the quarter that ended in Jan. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Jan. 2021 )
=(-89.868-10.301
--31.644)/856.022
=-8.01%

Stitch Fix's Net Income for the trailing twelve months (TTM) ended in Jan. 2021 was -33.903 (Apr. 2020 ) + -44.467 (Jul. 2020 ) + 9.541 (Oct. 2020 ) + -21.039 (Jan. 2021 ) = $-90 Mil.
Stitch Fix's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2021 was -58.73 (Apr. 2020 ) + 63.365 (Jul. 2020 ) + 57.359 (Oct. 2020 ) + -51.693 (Jan. 2021 ) = $10 Mil.
{{stock_data.stock.company}'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2021 was -6.576 (Apr. 2020 ) + -18.284 (Jul. 2020 ) + 1.701 (Oct. 2020 ) + -8.485 (Jan. 2021 ) = $-32 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Stitch Fix  (NAS:SFIX) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Jan. 2021, Stitch Fix has a Sloan Ratio of -8.01%, indicating the company is in the safe zone and there is no funny business with accruals.


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